Real Estate News & Updates

‘M3M India buys 1.3-Acre Land Near Iffco Chowk Gurugram For Rs 200 Crore’

Real Estate Jan 2 2022 Times of india
Img

‘M3M India buys 1.3-Acre Land Near Iffco Chowk Gurugram For Rs 200 Crore’

M3M India has bought 1.3-acre land effect in Gurgaon for almost Rs 200 crore in order to compose a luxury commercial project, mainly retail space.The land near IFFCO Chowk was collected through an auction detained by Haryana Shahari Vikas Pradhikaran (HSVP).

The perfect project would cost Rs 250 crore. The approximated top line for this project is Rs 1,000 crore, according to the company. The progress will include a multiplex, retail space, and office spaces. 

According to the company, the cost of the area is equal to that of Lutyens Delhi. “Seeing the uptake in the retail segment, we look forward to developing a complete luxury-boutique retail strategy,” said Pankaj Bansal.According to him, the best part of premium global brands will be housed in this luxury retail project. M3M Group recently bought a 13-acre plot of land in Noida at auction for Rs 827.41 crore. The total addition cost, including rent and registration fees, would be Rs 1,200 crore.

 

M3M India owns 3,000 acres of area, on which they have launched 41 projects, 28 of which have been completed. With the post-COVID revive in housing demand, real estate builder are progressively obtaining area outright. They also sign Joint improvement Agreements (JDAs) with investor.Max Ventures & Industries Limited. (MaxVIL), a branch of the Max Group, won a proposal in August to achieve almost 4 acres of area in Noida for Rs 220 crore for the development of a commercial project.MaxVIL collected Acreage Builders in September for Rs 322.50 crore as part of its action to expand its real estate business in Delhi-NCR. Acreage Builders owns 7.15 acres of area on Gurugram’s Golf Course Road.

Post Your Requirement
Post your Property
CALL US +91-9266445544
Get in Touch
immediate call back request
Instant Call Back Help and Feedback